Curated Wealth Partners LLC Purchases 170 Shares of Extra Space Storage Inc. (NYSE:EXR)

Curated Wealth Partners LLC increased its holdings in shares of Extra Space Storage Inc. (NYSE:EXR) by 3.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 4,838 shares of the real estate investment trust’s stock after buying an additional 170 shares during the quarter. Curated Wealth Partners LLC’s holdings in Extra Space Storage were worth $724,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Exchange Traded Concepts LLC lifted its holdings in shares of Extra Space Storage by 13.7% during the 4th quarter. Exchange Traded Concepts LLC now owns 861 shares of the real estate investment trust’s stock valued at $129,000 after purchasing an additional 104 shares in the last quarter. New Century Financial Group LLC bought a new position in Extra Space Storage in the fourth quarter valued at approximately $238,000. D.B. Root & Company LLC acquired a new position in shares of Extra Space Storage in the fourth quarter valued at approximately $313,000. SG Americas Securities LLC increased its position in shares of Extra Space Storage by 763.4% during the fourth quarter. SG Americas Securities LLC now owns 181,513 shares of the real estate investment trust’s stock worth $27,154,000 after acquiring an additional 160,489 shares in the last quarter. Finally, Hamlin Capital Management LLC raised its holdings in shares of Extra Space Storage by 11.1% during the fourth quarter. Hamlin Capital Management LLC now owns 850,800 shares of the real estate investment trust’s stock worth $127,280,000 after acquiring an additional 84,757 shares during the period. 99.11% of the stock is currently owned by institutional investors.

Insider Transactions at Extra Space Storage

In related news, CEO Joseph D. Margolis sold 7,500 shares of Extra Space Storage stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $148.01, for a total transaction of $1,110,075.00. Following the completion of the sale, the chief executive officer now directly owns 16,690 shares of the company’s stock, valued at approximately $2,470,286.90. This trade represents a 31.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Diane Olmstead sold 3,081 shares of the company’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $164.56, for a total value of $507,009.36. Following the completion of the transaction, the director now directly owns 5,877 shares in the company, valued at approximately $967,119.12. This represents a 34.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.36% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of research firms have issued reports on EXR. Wells Fargo & Company reiterated an “equal weight” rating and set a $175.00 target price on shares of Extra Space Storage in a report on Monday, October 21st. Barclays dropped their target price on Extra Space Storage from $192.00 to $184.00 and set an “overweight” rating on the stock in a research report on Monday, January 13th. StockNews.com downgraded Extra Space Storage from a “hold” rating to a “sell” rating in a research report on Thursday, October 31st. Scotiabank upgraded shares of Extra Space Storage from a “sector underperform” rating to a “sector perform” rating and set a $167.00 price objective on the stock in a report on Friday, January 10th. Finally, Evercore ISI reduced their target price on shares of Extra Space Storage from $170.00 to $168.00 and set an “in-line” rating for the company in a report on Monday, October 14th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $171.25.

Extra Space Storage Trading Up 0.4 %

Extra Space Storage stock opened at $152.08 on Friday. The stock has a 50-day simple moving average of $156.21 and a 200 day simple moving average of $164.74. The stock has a market capitalization of $32.24 billion, a P/E ratio of 39.81, a PEG ratio of 7.48 and a beta of 0.91. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.23 and a current ratio of 0.23. Extra Space Storage Inc. has a 52 week low of $131.02 and a 52 week high of $184.87.

Extra Space Storage (NYSE:EXR) last issued its earnings results on Tuesday, October 29th. The real estate investment trust reported $0.91 EPS for the quarter, missing the consensus estimate of $2.03 by ($1.12). Extra Space Storage had a return on equity of 5.51% and a net margin of 25.35%. The business had revenue of $824.80 million for the quarter, compared to the consensus estimate of $826.93 million. During the same quarter in the prior year, the firm posted $2.02 earnings per share. The business’s revenue was up 10.2% compared to the same quarter last year. Analysts expect that Extra Space Storage Inc. will post 8.1 earnings per share for the current year.

Extra Space Storage Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th were given a $1.62 dividend. This represents a $6.48 annualized dividend and a dividend yield of 4.26%. The ex-dividend date of this dividend was Monday, December 16th. Extra Space Storage’s payout ratio is presently 169.63%.

Extra Space Storage Profile

Extra Space Storage Inc, headquartered in Salt Lake City, Utah, is a self-administered and self-managed REIT and a member of the S&P 500. As of December 31, 2023, the Company owned and/or operated 3,714 self-storage stores in 42 states and Washington, DC The Company's stores comprise approximately 2.6 million units and approximately 283.0 million square feet of rentable space operating under the Extra Space, Life Storage and Storage Express brands.